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The Market
The main markets for textile and textile products are mainly the US and EU. Over the last five years, exports of cotton textiles and textile products have shown consistent upward increases.
As seen in table 1, total exports of textiles and garments amounted to US $ 53,549,700 in 2011. Also the volume of textiles and garments exported in 2011 was 24,387,967. The leading product was cotton fabrics (grey baft), which contributed an amount of US $19,499,290 with a total
|
PRODUCTS |
WEIGHT KGS |
VALUE USD |
|
Garments/clothing |
317,435 |
2,408,271 |
|
Cotton fabrics (grey baft) |
823,198 |
19,499,290 |
|
Textile products nes |
12,545,465 |
11,396,261 |
|
Sacks and bags |
1,840,285 |
2,223,150 |
|
Carpets |
111,301 |
333,532 |
|
Sewing Thread |
43,064 |
260,017 |
|
Twine, cordage, rope |
81,589 |
35,449 |
|
Bedspreads |
39,955 |
107,488 |
|
Raw/lint cotton |
8,557,724 |
16,928,721 |
|
Linens |
1,942 |
4,101 |
|
Curtains |
272 |
6,647 |
|
Towells |
43 |
214 |
|
Tarpaulins |
9,726 |
149,461 |
|
Sub Total |
24,371,999
|
53,352,602 |
Investment Opportunities
Ghana has a reputation for producing high quality, traditionally designed printed cloth. The widely celebrated Kente cloth of the Ashanti and Ewe people are hand-woven and brightly coloured with traditional symbols and design.
African textiles have gained an international reputation for their patterns, but national branding had not been promoted heavily in the past. Promoting high quality, traditionally designed fabrics as "Made in Ghana" appeal to the niche USA markets that manufacturers are beginning to serve.
The following investment opportunities are available:
Textile manufacturers to set up factories in Ghana to supply fabrics.
Raw Materials: Fabric suppliers to supply raw material requirements for Ghanaian textile manufacturers.
Technological and Supporting Services:Suppliers of textile manufacturing equipment to supply the Ghanaian market on a sustainable basis.
Need for suppliers and financiers of factory building technology.
Interested in Textiles?
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